This bill extends the National Flood Insurance Program (NFIP) for an additional two years by moving the program's expiration date from September 30, 2023 to September 30, 2025. The NFIP is the federal government's insurance program that provides flood coverage to property owners, renters, and businesses in participating communities across the country. The legislation also extends the program's financing authority through the same date. If the bill is enacted after September 30, 2024, the extensions would take effect retroactively as of that date to prevent any lapse in the program. No specific new funding amounts are allocated in this legislation, as it primarily continues existing program authority and operations.
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